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Federal watchdog says ‘buy now, pay later’ lenders must provide consumer protections
Courthouse News Service· 3 days agoBuy now, pay later lenders soon will have to provide consumers the same legal protections as...
What is an unsecured loan?
Bankrate via AOL· 2 days agoThere are various unsecured loans, including personal loans, student loans, and credit cards. When determining eligibility for an unsecured loan, lenders...
There’s a way to land sub-4% mortgage rates for buyers locked out of the housing market. But they’ve...
Fortune via Yahoo Finance· 4 hours agoWould-be buyers assuming a loan often pay out the homeowner’s equity in cash. That might mean...
How to calculate interest on a loan: Tools to make it easy
Bankrate via Yahoo Finance· 2 days agoKey takeaways Lenders charge two types of interest to earn money on the amount borrowed: simple or...
Failed Crypto Lender Genesis to Disburse $3B to Creditors in Bankruptcy Case
Cryptonews· 5 days agoJudge Sean Lane greenlit Genesis Global’s Chapter 11 plan on Friday, allowing the defunct crypto ...
CFPB tightens rules for buy now, pay later lenders
FOX Business· 2 days agoThe Consumer Financial Protection Bureau (CFPB) announced Wednesday it will impose some of the same rules on buy now, pay later (BNPL) lenders that apply...
Buy now, pay later lenders now have to follow U.S. credit card rules. Here’s what that means
Quartz· 2 days agoOn Wednesday, the U.S. Consumer Financial Protection Bureau (CFPB) published an interpretive rule...
Five things: GBH layoffs, predatory lenders, and how Boston housing compares to other cities -...
The Business Journals· 2 days agoIn the meantime, here are the five things you need to know in Boston business news to start your...
The average retail mortgage lender lost $645 per loan in Q1 2024 — but that’s actually a good thing
HousingWire via Yahoo Finance· 1 day agoThe average pretax production loss was 25 basis points (bps) in the first quarter, an improvement on...
Crypto Lender Genesis Gets Approval for Chapter 11 Wind-Down Plan
The Wall Street Journal· 7 days agoA bankruptcy judge approved a chapter 11 wind-down plan for Genesis that will pay back creditors...